What to do after offer is accepted on a industrial warehouse?

[Aaron Xie]

It's my first time buying an industrial warehouse in Southern California. Now the offer is accepted. We have one month to remove non-financial contingencies, and then another half month to remove the  mortgage contingency, and then another half month for closing. So if everything works out fine, we will close in two months. 

My questions is what should I do in the next two months? My agent told me the mortgage lender will do all the inspections (physical, phase I environmental, hazardous, soil, governmental approvals, title, survey, lien, etc.)  Sounds like I can just sit there waiting to hear from the lender whether it passes all the inspections, and whether we finally get his approval on mortgage. 

Is that right? I think there should be some due diligence on my part. So could anyone give me a step-by-step instruction on what to do between offer acceptance and closing? Or let me know where I can find this information. Thanks a lot.